Wednesday, May 20, 2020

Psychology And Social Behavior - 721 Words

Participants There were 630 participants in the experiment, they were all first-year psychology students who study at the university of Canterbury. Apparatus Stimuli The apparatus the participants use are desktop computers to answer the questionnaire. The main stimulus in the experiment was the BAS and BIS scale. BAS is used to measure the approach motivation and BIS measures the anxiety of the participants. Procedure Initially the participants filled in a volume of questions in order to establish their personal BIS BAS trait level. In the questionnaire participants are asked to rate how much the agree with a statement from strongly disagree (1) to strongly agree (5). After establishing these personality variables, the participants†¦show more content†¦Results The data has excluded 5 participants because their information was not fully completed and their data was not analysed. The independent variable of the experiment the group the participants were random assigned to the economic uncertainty condition or the control condition of the article. The dependent variable in this experiment was the amount of risk taking each participant made on a scale of 1 being completely risk averse and 2 being solely risk taking. The experiment also measured approach motivation with the BAS scale and anxiety with the BIS scale. The results of our data clearly display the framing effect, as shown by people taking more risks in conditions where decisions were framed as losses in comparison to gains, even when both decisions were equal mathematically. The primary results indicated that there was no main effect of risk taking and economic uncertainty. Furthermore, there was no link found between the economic uncertainty and the trait approach motivation on risky decision making. Overall both main hypothesises were not supported by the data. 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